Search Results

China's exports grow 5.9% in November, while US shipments drop 29%

China's exports grow 5.9% in November, while US shipments drop 29%

FILE - Vehicles and trucks for export wait for transportation from a port in Yantai in eastern China's Shandong province on Jan. 2, 2025. (Chinatopix via AP, File) (ASSOCIATED PRESS)HONG KONG (AP) — China’s exports returned to growth in November following an unexpected contraction the

Ultimate Uganda

NATO state accuses China of ‘massively’ financing Russia

NATO state accuses China of ‘massively’ financing Russia

Finland has said that the two countries’ cooperation is a growing challenge for the US-led military blocFinland has accused China of supporting Russia in the Ukraine conflict and described the two countries’ deepening cooperation as a growing challenge for NATO. Beijing has

Ultimate Uganda

Report Blames Illegal Construction for Kampala Floods

Report Blames Illegal Construction for Kampala Floods

Ham Enterprises continue to erect structures near Nakivubo channel despite an order from KCCA to stop the worksKampala — A confidential Kampala Capital City Authority (KCCA) report seen by ChimpReports has blamed illegal construction and regulatory failures for the deadly floods that swe

Ultimate Uganda

Crushed by punishing US sanctions, Russia’s Lukoil sells its international business.

Crushed by punishing US sanctions, Russia’s Lukoil sells its international business.

Lukoil said Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia’s second-largest oil company is seeking to sell after Washington imposed sanctions on it last week.The planned asset sale is the most consequential action

Ultimate Uganda

Mubiru Calls for Peaceful Transition, Urges Museveni to Lead Forgiveness and National Reset

Mubiru Calls for Peaceful Transition, Urges Museveni to Lead Forgiveness and National Reset

Noah Denis Mubiru, who recently declared his intention to contest in the 2026 general elections, has called on President Museveni to lead a peaceful transition through a national campaign of forgiveness, reconciliation, and reform.Mubiru argued that Uganda’s future lies in breaking the c

Ultimate Uganda

Monusco and Rwanda Welcome DRC-M23 Doha Peace Declaration

Monusco and Rwanda Welcome DRC-M23 Doha Peace Declaration

The latest push for peace in the Democratic Republic of Congo (DRC) has received a boost with endorsements from the United Nations peacekeeping mission MONUSCO and the Government of Rwanda, following the July 19 signing of a Declaration of Principles in Doha between Kinshasa and the M23-led Congo

Ultimate Uganda

Court Orders Shoprite Uganda to Pay Shs 1.3bn in VAT Arrears

Court Orders Shoprite Uganda to Pay Shs 1.3bn in VAT Arrears

Shoprite Uganda was acquired by CarrefourKampala, Uganda | The Tax Appeals Tribunal (TAT) has ruled that Shoprite Checkers (U) Limited is liable to pay Shs 1,354,624,690 in Value Added Tax (VAT) to the Uganda Revenue Authority (URA),

Ultimate Uganda

Museveni Orders Immediate Sweeping Purge at Entebbe Airport Over Corruption, Ghost Workers

Museveni Orders Immediate Sweeping Purge at Entebbe Airport Over Corruption, Ghost Workers

President Yoweri Museveni has ordered an urgent purge at Entebbe International Airport, citing rampant corruption, bribery, and the hiring of unqualified staff that have embarrassed the nation and frustrated travelers for years.In a strongly worded lette

Ultimate Uganda

UGX 250 Billion Shockwave: Bosco Muwonge Buys Mukwano Mall in Record All-Cash Deal

UGX 250 Billion Shockwave: Bosco Muwonge Buys Mukwano Mall in Record All-Cash Deal

In a historic real estate shake-up, property mogul John Bosco Muwonge popularly known as Ntere Nfune has purchased the iconic Mukwano Mall in downtown Kampala for a staggering UGX 250 billion ($65 million) in an all-cash transaction.The acquisition is now

Ultimate Uganda

Uganda Surpasses Ethiopia to Become Africa’s Top Coffee Exporter

Uganda Surpasses Ethiopia to Become Africa’s Top Coffee Exporter

Uganda has overtaken Ethiopia to become Africa’s leading coffee exporter, recording unprecedented export volumes and earnings in May 2025.The country shipped 47,606.7 tonnes of coffee last month, surpassing Ethiopia’s 43,481 tonnes and marking a 43.6% year-on-year growth.Accordi

Ultimate Uganda